COTI Collaborates with Bank of Israel on CBDC Project

IconCryptoNewsTerminal Staff23 Jul, 2024

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COTI Collaborates with Bank of Israel on CBDC Project

COTI, a blockchain development company, recently announced its involvement in the central bank of Israel's CBDC project. This collaboration aims to explore practical applications and implications of central bank digital currencies (CBDCs) within the Israeli economy. COTI's involvement brings expertise in developing enterprise-grade blockchain solutions and experience in decentralized finance (DeFi) and payment systems. The company's participation in the project is expected to contribute to the design and evaluation of the Israeli CBDC. This partnership aligns with COTI's mission to drive the adoption of blockchain technology and promote financial inclusion globally. The collaboration also underscores the growing recognition of CBDCs as a potential tool for monetary policy and financial innovation.

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